Japan: Industrial activity rises at fastest pace on record in June
Industrial output rebounded 9.2% month-on-month in seasonally-adjusted terms in June (May: -7.5% mom). The outturn marked the strongest expansion on record.
On an annual basis, industrial output fell at a more moderate pace of 2.8% in June (May: -3.1% yoy). Meanwhile, annual average industrial production growth fell to 0.4% in June (May: +2.4%). This signals a worsening trend in the industrial sector.